RESOLVED: I was stupid enough to not notice that these were contracts for different months. I would delete this post but do not see if there is delete post functionality on this forum.

Hi All,

I am currently with Interactive Brokers but considering other platforms as TWS is a real pain in many aspects.

Recently I started a trial of Tradovate and when comparing the data between IBKR and Tradovate I noticed a difference in real time quotes and charts. Looks like last trade price in Tradovate is higher than the one in IBKR and generally the charts are a tad different and shifted up. I have paid data subscription with IBKR (my understanding its L2 quotes are somewhat aggregated but I do not think it should make much difference for charts) and with Tradovate I have the data that comes with 2 week trial period.

Screenshot from both screens is attached here.

Can anyone help me understanding the difference?

Cheers,
V

@vluskr
You're right that level2 data wouldn't make a difference but that is because Level2 is the orderbook depth of orders you see on the DOM.
The current price is Level1 and that should be the same for everyone due to the centralised exchange.

Also aggregated data is transacted volume, not Level2 data, and it gets bundled up in to chunks instead of being sent as it is transacted as it reduces the amount of data being sent. For most people it makes no difference but if orderflow trading off a DOM for instance the data "flows" better if it isn't aggregated.

You solved the September/October contract month issue so I guess you know the letters:

From your introduction post you mention MES and MNQ also. Be aware if you aren't already that the equity indexes rollover at three months intervals but Crude rolls every month. The Tradovate platform will though give you a pop up warning if you open the platform and a chart, quoteboard, DOM is using a contract that has rolled over in volume.

ps. You can delete a post from its Edit menu. You can edit a post up to for up to 24hrs after writing it.